Head of Enterprise Risk Management, Monzo

• You have a minimum of 10 years of experience in enterprise risk management within a banking environment, with at least 5 years in a leadership role
• You have a strong knowledge of enterprise risk management including risk appetite setting, emerging assessments, stress testing, risk reporting and MI and related regulatory requirements (CBI, EBA, ECB/SSM, Basel, etc)
• You have excellent analytical skills, strong leadership and communication abilities, and proficiency in ERM tools and processes (Risk Appetite, Risk Assessments, Risk Reporting, Risk Governance etc.)
• You have a detailed knowledge of digital banking products and operations and associated risks
• You have a detailed understanding of enterprise risk management frameworks and techniques in financial technology operations
• You have excellent verbal and written communication skills, with the ability to influence and engage senior stakeholders
• You thrive in a fast-paced environment, handling complexity with ease and communicating effectively
• You are passionate about financial technology and motivated by the opportunity to be at the forefront of banking transformation in Ireland and the EU

Desirable

• Monzo Europe is an Irish-based subsidiary of the Monzo Group which will, upon authorisation, be the base for Monzo’s expansion as a bank into the European Union
• We are looking for an experienced Head of Enterprise Risk Management to lead the development, implementation and oversight of the Enterprise risk Management framework in Europe
• The role holder will be instrumental in developing and maintaining the enterprise risk management processes and standards across the EU
• This role reports to the Chief Risk Officer, Monzo Europe
• Implementing and maintaining the EU Enterprise Risk Management Framework, ensuring it encompasses all aspects of operations and is aligned with the strategic goals and objectives in Europe
• Defining and maintaining the EU Risk Appetite Framework and Statement, ensuring it reflects our Attitude to Risk across all material risks
• Leading the enterprise risk identification and materiality assessment process, covering all material risks inherent to Monzo including emerging risks
• Assessing and promoting a strong risk culture across the organisation, embedding risk awareness in all levels of the bank
• Maintaining the EU Risk Taxonomy and risk register, ensuring accurate classification and management of risks and controls
• Maintaining the impact matrix, ensuring it accurately reflects the potential impact of identified risks
• Preparing and presenting comprehensive risk reports to the Board and Executive Committees, providing an integrated and holistic view of risks, incorporating point-in-time and forward-looking risk assessments where appropriate
• Planning, coordinating and executing risk assurance activities including effectiveness reviews ensuring that the risk management framework is effectively implemented and adhered to across the EU
• Leading the development and delivery of risk training programmes, ensuring all employees are adequately trained in risk management practices
• Overseeing the functions of the Office of the CRO, including governance cycles, staff communications, resource planning and budgeting, learning and development, vendor management, and secretariat services
• Establishing and leading the Enterprise Risk Management (ERM) function ensuring effective delivery through adequate resourcing, processes and technology in Europe
• Working closely with other senior leaders and first line teams to ensure that Enterprise Risk activities are effectively implemented across the organisation
• Providing expert guidance and strategic recommendations to senior management and the Board on enterprise risk matters, enabling informed decision-making
• Engaging with key internal and external stakeholders, including Group functions and external regulators, to ensure that the entity’s enterprise risk management practices are aligned, transparent, effective and compliant
• Establishing a robust enterprise risk management culture through comprehensive training and awareness programmes
• Reporting to the Board and Executive-level Committees as appropriate
• Contributing to the second line Risk Leadership Team (RLT), fostering a collaborative environment across the organisation
• Ensuring Enterprise Frameworks, Policies, and Standards in Europe are effectively implemented and take account of the Monzo Group activities

• 🌈 The application journey has 3 key steps
• Introductory call with with a member of the Talent Acquisition team
• Hiring Manager call
• X4 interviews testing technical and behavioural skills
• This process should take around 2-3 weeks - your schedule is really important to us, so we promise to be as flexible as possible!
• We have some guidelines on using Artificial Intelligence (AI) to ace an application and interview at Monzo. You can read them here